DAYTON, Ohio--(BUSINESS WIRE)--Oct. 3, 2005--GE Consumer Finance, the consumer lending unit of General Electric Company (NYSE: GE) and one of the world's leading consumer lenders, has signed a multi-year contract with cargo trailer manufacturer Wells Cargo to provide a new customer financing program.
The program will provide consumer installment lending and a range of other consumer payment programs to their nationwide dealer network. Offering competitive terms and promotional financing, the new option gives customers greater purchasing power and payment flexibility. The application process is fast and easy, and dealers and consumers will enjoy industry-leading support from Retail Sales Finance, part of GE Consumer Finance.
"With GE, our dealers will have the financing flexibility they need to build loyalty and increase sales," said Jeff Jones, national sales coordinator for Wells Cargo.
Wells Cargo, founded in 1954, is the oldest cargo trailer manufacturer. The company has six manufacturing plants throughout the United States and more than 700 employees. Models range in size from 4' x 6' through 8'6" x 53', all built from steel frames, aluminum exteriors and plywood interiors. Wells Cargo trailers are known for their durability through 200 models utilized for industrial, commercial, and recreational applications.
"The new Wells Cargo financing program will enable dealers to offer innovative promotions and flexible payment options, while giving their customers greater purchasing power," said Dave Fasoli, senior vice president for GE's Retail Sales Finance.
About Wells Cargo
By combining state-of-the-art technology with the best materials available, Wells Cargo's product line has an unmatched service life of over 15 years of daily use. Today, Wells Cargo offers over 200 different trailer models for industrial, commercial and recreational applications. Wells Cargo has set the industry standard in quality, design, and construction techniques. Wells Cargo trailers are sold and serviced through a nationwide network of dealers located primarily in the United States and Canada. Founded in 1954 with a plant in Elkhart, Ind., Wells Cargo now has five additional manufacturing plants in Georgia, Texas, Utah, Arizona, and Pennsylvania. For more information, visit the company's Web site at www.wellscargo.com.
About Retail Sales Finance and GE Consumer Finance
Retail Sales Finance, based in Kettering, Ohio, is part of GE Consumer Finance and provides private label credit card programs, marketing, installment lending and financial services for national and regional retailers in key industries: home improvement, powersports, outdoor equipment, automotive/recreational vehicles, consumer electronics and appliances, furniture, floor covering, jewelry and health care. With $150 billion in assets, GE Consumer Finance, a unit of General Electric Company, is a leading provider of credit services to consumers, retailers and auto dealers in 41 countries around the world. GE Consumer Finance, based in Stamford, Conn. (USA), offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans and credit insurance. More information can be found online at www.geconsumerfinance.com. GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
(C) 2005 General Electric Company, All rights reserved.
Contacts
GE Consumer Finance
Jim Thomas, 636-586-1964
[email protected]
Cristy Williams
[email protected]
678.518.2596